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Technology Stocks : KEMET Corp.
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To: Jack Hartmann who wrote (471)8/5/2000 2:13:32 PM
From: techtonicbull   of 906
 
Jack: Excellent post as always. I really didn't realize that KEM is actually smaller in revenues than either AVX or VSH. I like the fact though that KEM is the world leader in solid tantalum capacitors.

I have not looked at the numbers, however, I have heard that VSH is much more leveraged than KEM.

The backlogs are a forward looking indication of future great earnings.

I believe that we have bottomed Jack. I truly believe that there is going to be a tremendous ramp up in technology despite a business slowdown because expenditures will not be changed by big corporations for tech, To take advantage of the productivity gains that technology can bring, will be a must have part of any fiscal budget.

Budgets are not adjusted because of blips in the Fed funds rate by the Fed. Furthermore Merrill Lynch is predicting that there will be a rate reduction over the next six months.

So I am holding a very large position in KEM and look forward to the volume increasing and further purchases of this stock in recognition of the umbers.

Merrill Lynch's, Jerry Labowitz issued an intra-day memo on Friday which said that the cell phone handset business contributes only 7% to KEM's overall business. He also said that there are estimates from good sources that July revenues were 10% higher that June at KEM, and that August revenues are expected to be equally as strong.
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